Binance Crypto Exchange Delists Bitcoin SV
The Binance trading platform has announced on its blog about the withdrawal of Bitcoin SV (BCHSV) from the listing.
The company does not disclose the reason for the delisting of the digital asset but indicates that it is steadily aimed at protecting its customers. Before listing, each cryptocurrency passes a full-scale test for compliance with high standards. Then the exchange continues to monitor the asset, and in case of non-compliance, it removes it from the listing.
Binance relies on the following factors during the audit: the dedication of the team to the project, quality and pace of development, stability of smart contracts, activity level in communication with users, interaction with exchange experts after inspections, absence of fraudulent actions.
Bitcoin SV will be removed from the listing on April 22 at 10:00 (UTC). The owners will be able to withdraw funds in this cryptocurrency from their accounts until July 22, 2019.
The response of social network users to the activities of the crypto exchange is mostly positive. Changpeng Zhao, the head of Binance, reported on Twitter that the company made the right decision.
The market responded to this situation immediately. According to CoinMarketCap, the value of Bitcoin SV fell by more than 22% over the past 24 hours, and as of April 16, 04:30 (UTC), the cryptocurrency price amounted to $56.1.
As previously reported, Binance entered into an agreement with the American company CipherTrace to strengthen measures to combat money laundering.